Currently, two big nations are fighting with each other regarding business deals USA and China are those big nations. The great US-China trade war is making lots of news from the last few days, and so far no country has benefited out of this trade war. This trade war is hugely impacting on both countries economy because recently China recorded its slowest economic growth for December 2018 which shows the country is getting hit because of trade disputes with the US. On the other hand, USA is also suffering because many tech companies like Apple, Tesla are not getting their products sold in the Chinese market since local government has imposed a considerable amount of tariffs on US produced goods. But now a recent business study shows that this trade war might be bringing billions of dollars of revenues to other countries. It’s been found that many European countries now have a higher chance of dominating the export industry since US-China are not able to generate necessary revenue because of trade disputes.
Due to this trade war more than $300 billion worth of goods have been charged as per new tax rates due to which both countries business industries are suffering. On the other hand, this trade war has created approximately 250 billion dollars worth of business opportunity to other countries which might get benefit by producing demanded products which US-China are failing to provide. A business study shows that European unions are going to get more than $70 billion worth of new export contracts which indicates that other countries demerit could be some countries merit. On the other hand, Mexico, Japan, and Canada are also getting new exports contracts because of this trade dispute. However, if this situation goes on for a longer time, then it will create more havoc than anyone’s expectations